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Page 223 - ஆஸ்திரேலிய பணியகம் ஆஃப் புள்ளிவிவரங்கள் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Victorian building industry takes $370 million hit from international student crisis

Advertisement Victoria’s building industry took a $370 million hit last year as the COVID-19 crisis locked international students out of Australia, causing cash-strapped universities to stop building, and apartment projects to stall. The Property Council of Australia said the knock-on effects from the absence of overseas students had cost the state’s economy more than $1 billion and kept 13,000 Victorians out of work. Raymond Mah of DKO Architects says the student accommodation building business has dried up. Credit:Jason South The Master Builders Association of Victoria has added its voice to calls from business, the education sector and local government for the state and Commonwealth to find a way to get Victoria’s $13 billion international education trade moving again, saying its absence is hurting the economy.

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